Forecasting EURUSD LONG-Weekly-W22 (28-May-2020)
EURUSD - LONG
Date: 28-May-2020
Win / loss: xx pips
Entry type: risk entry / reduce risk entry
Grade: valid / not valid / high probability
Status: Forecasted / Executed / Missed / Not take the trade
Was this trade forecasted before : yes / no
THE SETUP MEET ALL MY CRITERIA AND PLAN
a. Pattern within the pattern
b. 3 touched or more
c. Double top/bottom (2 touched)
d. Arc formed
e. Red/Green reversal candle (engulf), ensure it closed in TF in 15 Min or 1H
f. Checking risk reward and order level with regards to ROI
g. No FOMO and No rush to place an order
h. Count 1-10 for calming
TRADE ANALYSIS
Content: actual market now, prediction, probability, possibility, nature, trend, structure etc.
Looking at EURUSD, Happy to see in the HTF-Monthly which price currently in the support area and formed ascending Channel, in my understanding and experience the price will always respect to the pattern, seems it now support trendline is strong one, indicated by wick shown in M TF,
Very happy to analyze like this, very clean, looking to check this prediction in next couple of years, I will be planning as much I can do in terms of price action without seeing the fundamentals side i.e country conditions, news etc
PSYCHOLOGY
Good overall psychology, happy to see my analysis,
REASON FOR FORECASTED / EXECUTED / MISSED / NOT TO TAKE THE TRADE
Price formed Ascending channel which currently in strong support area
TRADE MANAGEMENT
Content: How to take the trade, jump into the market and close the trade
Waiting for best entry moment, I believe take time to see it but looking to the lower TF and take order-Long, happy to plan and hold the trade for long term position, this analysis valid for next couple of years
If any possible I will do scale in or add new position once the price break Green Horizontal line
Risk: about 1%
EMOTION AND LESSON
I will keep on mind for this plan, need to be patient at this key level, since so far my mistake on missed trade is not able to be in the market at the key level, even though my forecast is correct
I will increase my level of patient and improve my Psychology, not be greedy and lastly
I LOVE TRADING INSTEAD OF MONEY
Date: 28-May-2020
Win / loss: xx pips
Entry type: risk entry / reduce risk entry
Grade: valid / not valid / high probability
Status: Forecasted / Executed / Missed / Not take the trade
Was this trade forecasted before : yes / no
THE SETUP MEET ALL MY CRITERIA AND PLAN
a. Pattern within the pattern
b. 3 touched or more
c. Double top/bottom (2 touched)
d. Arc formed
e. Red/Green reversal candle (engulf), ensure it closed in TF in 15 Min or 1H
f. Checking risk reward and order level with regards to ROI
g. No FOMO and No rush to place an order
h. Count 1-10 for calming
TRADE ANALYSIS
Content: actual market now, prediction, probability, possibility, nature, trend, structure etc.
Looking at EURUSD, Happy to see in the HTF-Monthly which price currently in the support area and formed ascending Channel, in my understanding and experience the price will always respect to the pattern, seems it now support trendline is strong one, indicated by wick shown in M TF,
Very happy to analyze like this, very clean, looking to check this prediction in next couple of years, I will be planning as much I can do in terms of price action without seeing the fundamentals side i.e country conditions, news etc
PSYCHOLOGY
Good overall psychology, happy to see my analysis,
REASON FOR FORECASTED / EXECUTED / MISSED / NOT TO TAKE THE TRADE
Price formed Ascending channel which currently in strong support area
TRADE MANAGEMENT
Content: How to take the trade, jump into the market and close the trade
Waiting for best entry moment, I believe take time to see it but looking to the lower TF and take order-Long, happy to plan and hold the trade for long term position, this analysis valid for next couple of years
If any possible I will do scale in or add new position once the price break Green Horizontal line
Risk: about 1%
EMOTION AND LESSON
I will keep on mind for this plan, need to be patient at this key level, since so far my mistake on missed trade is not able to be in the market at the key level, even though my forecast is correct
I will increase my level of patient and improve my Psychology, not be greedy and lastly
I LOVE TRADING INSTEAD OF MONEY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.